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€450,000 Watermill with 3 gites and further extension possibilities

Ref: 363-JB Location: Midi-Pyrénées, Haute-Garonne, L'Isle en Dodon

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Property Description

Are you looking for a business opportunity in France? Do you need a lot of space for your family?Do you dream of having your own lake full of carp? Would you like to generate and sell your own electricity? If so read on............
This wonderful building provides up to 1100 square meters of accommodation over 3 levels, a large owners apartment with 5 bedrooms and three gites, each with sitting room, kitchen bathroom and one or two bedrooms.
The new owners could start business immediately with the potential to create further gites in the main building or in the outbuildings when business demands expansion. The mill part of the building could be turned into a two bed semi detached home with it's own garden bordered by the river and mill race. To the front and rear of the property are old stables and pig sties which could also be developed into accommodation or used to create a gym, sauna etc etc. Imagination is the only limit to the development of this property.
On entering the main building the owners accommodation is on the first floor of the south wing, the living room is vast and could be divided into smaller rooms but it makes a fabulous family room/party room of over 90 square meters. The house kitchen is situated immediately behind with a serving hatch through to the living room, the kitchen measures over 40 square meters and is functional but in need of refurbishing, the current owners are in the process of creating a fabulous kitchen on the ground floor with direct access to the gardens and provision for a circular staircase up to the first floor. On the ground floor next to the 'new kitchen' is a store room which would be perfect for a home gym and utility. The 5 bedrooms in the owners accommodation are over two floors with the master bedroom suite next to the living room and the children's bedrooms above.
The present owners currently let 3 gite apartments in the property which are all on the first floor above the original mill workings, all have lovely views over the mill race and lake and are fully equipped to allow the new owners to have an income from day one. They range in size from one double bedroom to a family suite which has a double bedroom and a triple. They have been operating for the past 5 years with return customers, holiday makers and house hunters.On the same level there is still the possibility to finish two other gites which are structurally complete. Above these gites is a large attic, the roof is in good order as is the floor, it would lend itself very easily to a games room extraordinaire, an amazing artists workshop/atelier or simply an extension of the accommodation, conference room etc. Below the gites on the ground floor are the turbines, and electrical workings for generating electricity, the present owners have not used them and with the upsurge in demand for this type of renewable energy it would be well worth re-commissioning or renewing the systems. Grants are available for this type of installation as are tax credits.
At the opposite end of the main building to the owners accommodation is the original grain silo, it could be turned into a two bedroomed house with a wonderful garden bounded by the mill race and the river, a haven for wild flowers and wildlife. There is potential for this part of the property to be sold on to re-inject money into the main project or to add to the current offer.
To the front of the property, along with the carp lake and canal is a stone built barn, materials have been purchased to renew the roof and it would make a great summer kitchen or detached cottage with canal frontage, behind this is a large above ground pool and a stunning wooden pigeon loft.
To the rear of the main house is the fenced garden through which the mill race courses, it has a vegetable garden and some former pig sties which are in need of renovating.
The property whilst large is structurally in sound order generally, roofs are good. The new owners could decide to carry on the current gite business, or enlarge it or change direction completely, the possibilities really are endless.
The price reflects the fact that the property would benefit from some redecorating and finishing.
There is a small road which leads to the property and passes it, although it only really serves the mill and neighbouring farm.
The location is quiet but with good access to schools, shops, and activities as well as the country markets in the local villages. Toulouse airport is one hour away, Carcassonne one and three quarter hours, the mountains are one hour away so day trips for skiing and walking, kayaking and rafting are easy. Spain is also only one hour away.

Property Features

  • No. of Bedrooms 9
  • Habitable Space (m²) 1100
  • Land Size (m²) 17800
  • Price €450,000
  • Property Reference 363-JB